SPYM.DE vs. SPPW.DE

Last updated Jun 5, 2026

SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, SPYM.DE returned 8.45%/yr vs 13.03%/yr for SPPW.DE. A 0.66 correlation means they provide meaningful diversification when combined. SPYM.DE charges 0.18%/yr vs 0.12%/yr for SPPW.DE.

Performance

SPYM.DE vs. SPPW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) and SPDR MSCI World UCITS ETF (SPPW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYM.DE achieves a 27.39% return, which is significantly higher than SPPW.DE's 10.85% return.

SPYM.DE

• 1D: -1.63%
• 1M: 6.11%
• YTD: 27.39%
• 6M: 29.25%
• 1Y: 50.03%
• 3Y*: 21.15%
• 5Y*: 8.45%
• 10Y*: 9.90%

SPPW.DE

• 1D: -0.31%
• 1M: 4.83%
• YTD: 10.85%
• 6M: 11.34%
• 1Y: 23.90%
• 3Y*: 17.79%
• 5Y*: 13.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYM.DE vs. SPPW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF	27.39%	19.08%	14.04%	6.06%	-14.90%	5.27%	6.28%	11.13%
SPPW.DE SPDR MSCI World UCITS ETF	10.85%	8.03%	26.09%	20.25%	-13.28%	32.66%	5.27%	17.24%

Correlation

The correlation between SPYM.DE and SPPW.DE is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019	0.66

The correlation between SPYM.DE and SPPW.DE has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.

Return for Risk

SPYM.DE vs. SPPW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYM.DE

SPYM.DE Risk / Return Rank: 85
SPYM.DE Sharpe Ratio Rank: 86
SPYM.DE Sortino Ratio Rank: 83
SPYM.DE Omega Ratio Rank: 84
SPYM.DE Calmar Ratio Rank: 86
SPYM.DE Martin Ratio Rank: 85

SPPW.DE

SPPW.DE Risk / Return Rank: 70
SPPW.DE Sharpe Ratio Rank: 66
SPPW.DE Sortino Ratio Rank: 66
SPPW.DE Omega Ratio Rank: 69
SPPW.DE Calmar Ratio Rank: 74
SPPW.DE Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYM.DE vs. SPPW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) and SPDR MSCI World UCITS ETF (SPPW.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SPYM.DE	SPPW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.16	+0.63
Sortino ratio: Return per unit of downside risk	3.69	2.99	+0.69
Omega ratio: Gain probability vs. loss probability	1.50	1.40	+0.10
Calmar ratio: Return relative to maximum drawdown	4.80	3.66	+1.14
Martin ratio: Return relative to average drawdown	17.28	14.69	+2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYM.DE vs. SPPW.DE - Sharpe Ratio Comparison

The current SPYM.DE Sharpe Ratio is 2.79, which is comparable to the SPPW.DE Sharpe Ratio of 2.16. The chart below compares the historical Sharpe Ratios of SPYM.DE and SPPW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYM.DE	SPPW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	2.16	+0.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.92	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.86	-0.52

Drawdowns

SPYM.DE vs. SPPW.DE - Drawdown Comparison

The maximum SPYM.DE drawdown since its inception was -36.28%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and SPPW.DE.

Drawdown Indicators

	SPYM.DE	SPPW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-36.28%	-33.69%	-2.59%
Max Drawdown (1Y) Largest decline over 1 year	-10.38%	-6.51%	-3.87%
Max Drawdown (3Y) Largest decline over 3 years	-18.96%	-21.62%	+2.66%
Max Drawdown (5Y) Largest decline over 5 years	-23.86%	-21.62%	-2.24%
Max Drawdown (10Y) Largest decline over 10 years	-31.69%	—	—
Current Drawdown Current decline from peak	-2.74%	-0.31%	-2.43%
Average Drawdown Average peak-to-trough decline	-9.95%	-4.43%	-5.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.63%	+1.26%

Volatility

SPYM.DE vs. SPPW.DE - Volatility Comparison

SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 7.34% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that SPYM.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPYM.DE	SPPW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	2.70%	+4.64%
Volatility (6M) Calculated over the trailing 6-month period	15.16%	7.62%	+7.54%
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	11.11%	+6.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	14.06%	+2.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.40%	16.08%	+2.32%

SPYM.DE vs. SPPW.DE - Expense Ratio Comparison

SPYM.DE has a 0.18% expense ratio, which is higher than SPPW.DE's 0.12% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPYM.DE vs. SPPW.DE - Dividend Comparison

Neither SPYM.DE nor SPPW.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPYM.DE and SPPW.DE in my portfolio?

SPYM.DE and SPPW.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYM.DE or SPPW.DE?

On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPYM.DE or SPPW.DE?

SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for SPYM.DE.

What is the main difference between SPYM.DE and SPPW.DE?

SPYM.DE is categorized as Emerging Markets Equities, while SPPW.DE is Global Equities. SPYM.DE tracks MSCI Emerging Markets, while SPPW.DE tracks MSCI World. Their fees differ too: 0.18% for SPYM.DE and 0.12% for SPPW.DE.